Alliance Trust PLC Alliance Trust Plc - Portfolio Update: Stock Picker Change
24 Luglio 2023 - 8:00AM
UK Regulatory
TIDMATST
Alliance Trust PLC ('the Company')
LEI: 213800SZZD4E2IOZ9W55
Japan specialist appointed as Stock Picker for Alliance
Trust
Alliance Trust PLC announces that its investment manager, Willis
Towers Watson ('WTW'), has today appointed Dalton Investments LLC
('Dalton') as a new Stock Picker for its multi-manager global
equity portfolio. Dalton will receive a 4% allocation of capital
funded by a reallocation of the portfolio from the existing nine
Stock Pickers. This takes the Stock Picker line-up to ten.
Craig Baker, chairman of WTW's Investment Committee, said:
"Following extensive corporate governance reforms, we believe the
Japanese corporate sector is on the cusp of a long-term revival,
but it is a unique market which requires specialist, active manager
skills to navigate and tap its potential.
"Dalton is a value-focused, employee-owned manager that looks to
exploit mispricing opportunities in the most under-researched
companies in Japan, which generally steers its focus to small and
mid-cap companies. WTW believes that the appointment of Dalton will
bring a differentiated approach to the Alliance Trust portfolio,
providing further diversification and outperformance
potential."
In keeping with WTW's philosophy for the Alliance Trust
portfolio, the overall exposure of the portfolio will remain
broadly style, sector and region neutral, seeking to generate
market outperformance from stock selection. The introduction of
Dalton will result in the portfolio having a marginal overweight
position in Japan relative to benchmark.
The full list of Stock Picker allocations, geographical and
sector exposures will be available in the July factsheet.
About Alliance Trust PLC (ATST)
Alliance Trust aims to deliver long-term capital growth and
rising income from investing in global equities at a competitive
cost. Our investment manager blends the top stock selections of
some of the world's best active managers into a single diversified
portfolio designed to outperform the market while carefully
managing risk and volatility. Alliance Trust is an AIC Dividend
Hero with 56 consecutive years of rising dividends.
https://www.globenewswire.com/Tracker?data=4DefeX-bNhFsYlrac--gTqD2QLTJztxNVDRW_QaTAKSlkktG9jmMH_COFn7DzZXFJQ0UX0qrXpiaqZar6ykVefi1Y87gMFWLsBsF-Ppf2Qxy52yQ5rq0GANncDgi65kyM5g1v5vjq_9A0MkB_d8_UDWW7oN7y-jIJ7GNofqpJZdoCZCj5PDNcVio3PQYMytKAWCH0Hr1Afbpj-7F9ag5H9OW_d1KA6mawdCoNvvSqU97L58vqPIrKYVxkoXtg5d87OSFL5NcIXSwiJXqloXwGQfFXN29dZ1eitqb9exc3-bcTJpmt1jhcK7pp4w2oPaK
https://www.alliancetrust.co.uk
For more information, please contact:
Mark Atkinson Sarah Gibbons-Cook/Nick Croysdill/
Senior Director Steph Spicer
Client Management, Wealth & Retail Quill PR
WTW
Mark.Atkinson@wtwco.com AllianceTrust@quillpr.com
Tel: 07918 724303 Tel: 020 7466 5050
24 July 2023
(END) Dow Jones Newswires
July 24, 2023 02:00 ET (06:00 GMT)
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